Fox (FOX): A Low-Beta Stock With Record Revenue and a Big Streaming Bet Maham Fatima Mon, November 9, 2026 at 1:12 PM EST 4 min read ^GSPC +2.23% ^IXIC +2.38% ^SOX +6.12% FOX +0.78% Trade Fox on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
Fox (NASDAQ:FOX) ranks 10th on Forget the High-Beta Hype: 10 'Sleep Well at Night' Stocks to Buy Now, the list we just put out.
Yahoo Finance reported that the S&P 500 fell more than 4% on Thursday, November 5, its worst day since the April 2025 tariff crash, erasing roughly $3 trillion in market value. The Nasdaq slid into a correction, and the PHLX Semiconductor Index dropped 12%, its worst session since March 2020.
The shock rippled well beyond one session, and Friday brought only partial relief. The S&P 500 closed at 7,376.86, up 0.31%, but the index was still on pace for its worst week since June. The VIX, Wall Street's fear gauge, settled at 25.64 after jumping as much as 70% a day earlier.
Yahoo Finance's Brian Sozzi noted that a one-day VIX surge of that size has happened only eight times since 1991. After those episodes, the S&P 500 averaged a gain of 3.0% one month later and 7.1% three months later. History leans against panic, yet it does little to smooth the ride for portfolios packed with fast-moving names. Those portfolios absorb the drawdowns first, and the drawdowns are what test an investor's patience.
That is why beta matters. Investopedia describes beta as an indicator of a stock's price volatility compared with the broader market, which carries a beta of 1.0 when measured by an index such as the S&P 500. A reading below one means the stock's price has been more stable than the market's, so a stock with a beta of 0.5 would have risen or fallen only half a percent when the index moved 1%. Investors weighing quality against momentum can find more ideas in our ranking of the best undervalued stocks to buy in October.
Investopedia explains that the forward price-to-earnings ratio divides a share price by the earnings per share analysts expect over roughly the next 12 months. It notes that no forward P/E is universally good because the ratio varies by industry, though a lower figure may suggest a stock is undervalued relative to its future earnings potential. Revenue growth of at least 5% adds a second test, since a low multiple on a shrinking business may simply mean it is cheap for a reason. Together, the two screens look for companies that are still growing at a modest price.
The recent selloff was concentrated in the AI and data-center trade, with chipmakers hit hardest and few places to hide for investors chasing momentum. Companies with little exposure to that spending sit in a different corner of the market, and precious metals producers are one such group. Our list of the best gold stocks according to analysts covers more of it.
Fox has a $26.54 billion market cap, a beta of 0.63 and a forward P/E of 10.09, with revenue growth of 22.28% and a 5-day return of 5.87%. It had 39 hedge fund holders in Q2 2026.
Fox just posted first-quarter records for both revenue and adjusted EBITDA. Revenue climbed 22%, and advertising revenue jumped 47% as the company broadcast the FIFA World Cup, sold more political advertising ahead of the midterm elections, and kept expanding its free streaming service, Tubi. Part of that jump is one-time, since the World Cup and election spending do not repeat every quarter.
The rest looks more durable. Distribution revenue, the fees cable and satellite providers pay to carry Fox's channels, also grew on contractual rate increases and more subscribers. Tubi's own revenue rose 35%, and management said the strong trends continued into the current quarter. Subscriber sign-ups for its Fox One streaming service also grew in September as football season began.
Fox is also making a large bet on streaming. It has completed its roughly $22 billion acquisition of Roku, bringing one of the largest streaming platforms into the company. Meanwhile, Fox generated free cash flow in the quarter and expects to resume share repurchases in the current fiscal quarter. A low forward P/E and a beta well below 1 make the shares a lower-volatility way to own that momentum.
Read our analysis on Fox (FOX) here: Fox (FOXA) Faces a Deeper DOJ Review of Roku (ROKU). Can the Deal Still Deliver?
While we acknowledge the potential of FOX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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This article is originally published at Insider Monkey.
